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Helima Croft

Helima Croft

Symbolic increase in oil production in July as OPEC-plus agrees modest quota rise, Strait of Hormuz blockade prevents implementation
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Symbolic increase in oil production in July as OPEC-plus agrees modest quota rise, Strait of Hormuz blockade prevents implementation

The largest members of the OPEC-plus oil cartel have agreed to a modest increase in their production quotas for July. However, a blockade of exports from the Persian Gulf prevents most of the countries from implementing the increase
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